(Reuters) -Boeing is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or underperforming units, the Wall Street Journal reported on Sunday.
Last week, the plane maker reached a deal to divest itself of a small defense unit that makes surveillance equipment for the U.S. military, the newspaper reported, citing people familiar with the deal.
Boeing (NYSE:) has gone from crisis to crisis this year, dating back to Jan. 5, when a door panel exploded midair on a 737 MAX plane. Since then, its CEO has left, its production has slowed as regulators investigate its safety culture, and in September, 33,000 unionized workers went on strike.
The Journal reported that in recent meetings about financial performance, new CEO Kelly Ortberg asked the heads of the company's units to explain the value of those units to the company.
Boeing's board recently met to discuss the company's next steps, where directors questioned division heads and reviewed reports to examine the status of each unit, according to the report.
Boeing declined to comment on the report.
Striking machinists at the plane maker will vote Wednesday on a new contract proposal that includes a 35% pay rise over four years.
The work stoppage has halted production of the planemaker's best-selling 737 MAX and its wide-body 767s and 777s, adding pressure on its already weak finances.
Earlier this month, Boeing announced it would cut 17,000 jobs, or 10% of its global workforce, and take on $5 billion in charges.
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